UBS Group Raises Children’s Place (NASDAQ:PLCE) Price Target to $18.00

Children’s Place (NASDAQ:PLCE) had its price target lifted by UBS Group from $12.00 to $18.00 in a research report sent to investors on Thursday, Benzinga reports. They currently have a neutral rating on the stock.

PLCE has been the topic of several other reports. StockNews.com downgraded shares of Children’s Place from a hold rating to a sell rating in a research note on Wednesday, August 21st. Telsey Advisory Group reissued a market perform rating and issued a $9.00 price objective on shares of Children’s Place in a research note on Wednesday, May 22nd. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to MarketBeat.com, Children’s Place presently has an average rating of Hold and an average target price of $16.00.

Children’s Place Stock Down 11.6 %

NASDAQ:PLCE opened at $15.17 on Thursday. The stock has a fifty day simple moving average of $7.93 and a 200 day simple moving average of $9.39. The firm has a market capitalization of $192.96 million, a price-to-earnings ratio of -1.17 and a beta of 2.15. Children’s Place has a 1-year low of $4.77 and a 1-year high of $38.03.

Children’s Place (NASDAQ:PLCE) last announced its earnings results on Wednesday, September 11th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of ($1.10) by $1.40. Children’s Place had a negative net margin of 10.52% and a negative return on equity of 4,732.98%. The company had revenue of $319.66 million during the quarter.

Hedge Funds Weigh In On Children’s Place

Hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its stake in Children’s Place by 18.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 311,324 shares of the company’s stock valued at $7,229,000 after purchasing an additional 48,964 shares in the last quarter. BNP Paribas Financial Markets grew its position in Children’s Place by 1,397.6% in the fourth quarter. BNP Paribas Financial Markets now owns 26,672 shares of the company’s stock worth $619,000 after acquiring an additional 24,891 shares in the last quarter. Mithaq Capital SPC acquired a new position in shares of Children’s Place during the 4th quarter worth $7,999,000. Virtu Financial LLC raised its holdings in shares of Children’s Place by 8.5% during the 4th quarter. Virtu Financial LLC now owns 8,793 shares of the company’s stock valued at $204,000 after purchasing an additional 692 shares in the last quarter. Finally, Partnership Wealth Management LLC lifted its stake in shares of Children’s Place by 80.3% in the 1st quarter. Partnership Wealth Management LLC now owns 129,660 shares of the company’s stock valued at $1,496,000 after purchasing an additional 57,740 shares during the last quarter.

Children’s Place Company Profile

The Children's Place, Inc operates as a children's specialty apparel retailer in North America. It operates through two segments, The Children's Place U.S. and The Children's Place International. The company offers apparel, footwear, accessories, and other items for children and tweens; and designs, contracts to manufacture, and sells merchandise under the proprietary The Children's Place, Place, Baby Place, Gymboree, Sugar & Jade, and PJ Place brand names.